Updated 25 October 2026

Mexico in Numbers 2026: Minimum Wage, Tax, Mortgage Rates and Pension Age Compared

Quick answer: In Mexico in 2026, the minimum wage is MX$315.04/day (about $510 a month full time); an average earner keeps 87% of their pay after income tax and social security; mortgage rates are about 10.8%; the state pension age is 65. The table below puts 9 everyday money measures for Mexico side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.

Most comparisons of Mexico look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Mexico, so you can see them together and see how Mexico compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.

Mexico at a Glance

MeasureMexicoRank
Minimum wageMX$315.04/day (≈ $510/month)7th lowest of 38
Tax on an average wage13.2% (keeps 87%)4th lowest of 38
Pay rise forecast 20274.9% (inflation %)7th highest of 29
Mortgage rate10.8% (bank fixed rates, 2026)2nd highest of 31
State pension age6516th highest of 39
Pension (share of pay)79.6% of net pay11th highest of 50
Bank deposit protection400,000 UDIs (≈ MX$3.5m) per person, per bank—
Inheritance tax (children)None—
Retirement visa incomeAbout $4,400–4,700 a month or about $75,000 in savings—

Rank compares Mexico with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.

Minimum Wage in Mexico (2026)

The legal minimum wage in Mexico is MX$315.04/day. For a month of full-time work that is about $510 at current exchange rates, 7th lowest of 38 countries in our comparison. General rate from 1 January 2026, up 13%; higher in the northern border zone.

Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).

Income Tax and Take-Home Pay in Mexico

A single worker on the average wage in Mexico (about $21,000 at purchasing-power parity) pays 13.2% of gross pay in income tax and employee social security, so they keep 87%. That is 4th lowest of 38 countries, against an OECD average of 25.1%.

Income tax and employee social security take 13.2% of pay at the average wage, 9.6% at two-thirds of it and 17.1% at 1.67 times it. Including employer contributions, the total tax wedge is 21.7% of labour costs.

Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).

Pay Rises in Mexico: 2027 Forecast

Employers in Mexico expect to raise salaries by 4.9% in 2027 (median of the major pay surveys), after 4.8% in 2026. With inflation at % (), that is roughly flat in real terms.

Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).

Mortgage Rates in Mexico (2026)

The typical mortgage rate in Mexico is 10.8% (bank fixed rates, 2026), 2nd highest of 31 countries.

Typical bank fixed rate in mid-2026; offers range from about 9.9% to 11.5%, with a total annual cost (CAT) near 14%. Banxico's policy rate 6.50%.

Full table for every country, with sources: Mortgage Rates by Country 2026: Where Buying a Home Costs the Most. Download the data (CSV).

Retirement Age in Mexico

The state pension age in Mexico is 65 for people reaching it in 2026; the earliest you can claim is 60 (reduced). Future change: none legislated. IMSS old-age pension; a reduced 'cesantía' pension from 60.

Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).

How Much the State Pension Pays in Mexico

A full-career average earner in Mexico can expect a mandatory pension worth about 79.6% of their previous net pay, 11th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 132%. High earner (twice the average): 57%.

Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).

How Much of Your Money Is Protected in Mexico

Bank deposits in Mexico are protected up to 400,000 UDIs (≈ MX$3.5m) per depositor, per bank (about $186,300), under the IPAB scheme. Set in inflation-linked UDIs; peso value changes daily. Money in payment apps and e-money wallets is usually not covered.

Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).

Inheritance Tax in Mexico

Mexico has no inheritance tax for children.

Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).

Retiring to Mexico From Abroad

Foreign retirees usually move to Mexico on the Temporary residency, which requires About $4,400–4,700 a month or about $75,000 in savings (about $4,500 a month). Prices are about 59% of US levels, so $2,000 buys roughly what $3,390 would in the US. Residents can be taxed on worldwide income; many foreign pensions are covered by tax treaties.

Full table for every country, with sources: Best Countries to Retire Abroad on $2,000 a Month: Costs, Visas and Taxes Compared. Download the data (CSV).

Frequently Asked Questions

What is the minimum wage in Mexico in 2026?

The minimum wage in Mexico is MX$315.04/day, about $510 a month for full-time work. That is 7th lowest of 38 countries. General rate from 1 January 2026, up 13%; higher in the northern border zone.

How much tax do you pay in Mexico?

On the average wage, income tax plus employee social security in Mexico take 13.2% of gross pay, so a single worker keeps 87% (OECD average: 25.1%).

What is the average pay rise in Mexico for 2027?

Pay surveys forecast an average salary increase of 4.9% in Mexico for 2027, against inflation of %.

What are mortgage rates in Mexico right now?

Mortgage rates in Mexico are about 10.8% (bank fixed rates, 2026). Typical bank fixed rate in mid-2026; offers range from about 9.9% to 11.5%, with a total annual cost (CAT) near 14%. Banxico's policy rate 6.50%.

What is the retirement age in Mexico?

The state pension age in Mexico is 65 in 2026, with the earliest claim at 60 (reduced). Legislated change: None legislated.

How much is the state pension in Mexico?

In Mexico, mandatory pensions replace about 79.6% of an average earner's net pay after a full career, against an OECD average of 63.2%.

How much money is insured in a bank in Mexico?

Deposits in Mexico are insured up to 400,000 UDIs (≈ MX$3.5m) per person, per bank.

Is there inheritance tax in Mexico?

No. Mexico does not tax inheritances passed to children.

How much income do you need to retire in Mexico?

The Temporary residency asks for About $4,400–4,700 a month or about $75,000 in savings.

Compare Mexico With Other Countries

See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.

Cite this page: Blog Digest, “Mexico in Numbers 2026: Minimum Wage, Tax, Mortgage Rates and Pension Age Compared”, updated 25 October 2026, https://randomthoughtsever.blogspot.com/2026/10/mexico-in-numbers-2026-minimum-wage-tax.html

Related Guides

Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.